Asia
Q&A Asia: JLT
As part of Insurance Insights new remit to cover Asia, Jardine Lloyd Thompson Asia’s chief executive officer Warren Merritt (pictured)spoke to Francesca Nyman to discussed the broker’s plans there.
Aon Benfield appoints new CEO for Greater China
Global reinsurance intermediary Aon Benfield has made two senior additions to its Asia Pacific team.
WHO expert calls for cashless insurance system for Indian healthcare
Indian health insurance should cover more than it currently does according to experts at a recent one-day national consultation on the state of the market.
ING to sell Asian insurance business separately
ING Groep NV has dropped plans to create an Asian-European insurer and is considering selling its Asian business separately as European markets have worsened.
QBE expects 40% drop in profits after tax
Australia-based general insurer QBE expects its profits after tax for 2011 to be down 40% to 50% on the previous year.
Insurers reveal Thai flood losses
Bermuda-based Arch Capital Group has said it expects the company’s 2011 fourth quarter results to be negatively impacted by the severe flooding in Thailand.
Marsh appoints loss-adjuster to head energy and construction
Global broker Marsh has recruited Vincent Marrot to be its global leader for energy engineering and leader of construction engineering for the firm's international division.
Cyber threat poses huge global risks
Fiscal problems, global connectivity and demographic shifts pose the biggest risks in the next few years, according to the World Economic forum’s 2012 Global Risks report.
IAG revises half year perils outlook after Xmas day weather claims
Insurance Australia Group has confirmed that its Australia Direct and CGU businesses had received to date approximately 24 000 claims following the hailstorms and related severe weather which occurred in Victoria around Christmas Day.
China's "cash before cover" regulation introduces ambiguity
Regulations designed to enhance cash flow for Chinese insurers will introduce ambiguity into the market and could lead to reduced policy coverage, according to Marsh China.
Chinese insurance sector faces "deeply-rooted problems" according to chief regulator
The head of China's Insurance Regulatory Commission has issued a stark warning to the country's insurance sector, despite robust premium growth in 2011.
Kane restructures as HSBC deal completes
Captive insurance manager Kane has completed a management restructure coinciding with the completion of the first phase of its integration of HSBC Insurance Management.
Korean regulator: saturated home market means local insurers must look overseas
South Korea’s six non-life insurance companies saw their earnings in overseas markets drop by 52.2% on a year-on-year basis, it has been reported.
Eurozone financial services companies face challenging 2012
Solvency will remain a key challenge for Eurozone financial services companies throughout 2012, despite the positive action taken by the European central bank.
Ageas's Asian subsidiary has ratings affirmed
Ageas Insurance Company (Asia) has had it’s long-term foreign currency issuer default rating affirmed at 'BBB+', and insurer financial strength rating affirmed at 'A-' by Fitch.
AM Best affirms Asia Capital Reinsurance Group FSR
Asia Capital Reinsurance Group has had its financial strength ratings affirmed along with core subsidiaries.
No widescale rate hardening at 1/1 renewals
The 1 January reinsurance renewal season has seen large rate increases in catastrophe-exposed and loss-affected contracts, but there has not been wide market hardening.
News analysis: Lloyd’s CEO Ward outlines diversity message with ambitious three-year plan
The start of every New Year is inevitably accompanied by the desire to deliver on resolutions made the month before — and Lloyd’s is no different.
IAG secures multi-year reinsurance protection
Insurance Australia Group has finalised its catastrophe reinsurance programme for the period commencing 1 January 2012, encompassing protection of up to $4.7bn ($3.63bn), compared to $4.1bn in 2011.
MENA Insurance think tank welcomes three CEOs
MENA Insurance CEO Club has welcomed three industry veterans to its exclusive club, taking the total to 17.
Nat-cats make 2011 the costliest year ever
A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses, Munich Re’s annual natural catastrophe review has found.
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
Ferma members voice concerns over supply chain management
Commercial insurance buyers generally want better insurance products to cover their supply chain risks, a simple survey by Ferma has confirmed.
Swiss Re reports on 'promising' future for emerging markets
Swiss Re’s latest sigma report claims insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising.